Entergy Corp., the company which owns
and operates Palisades, is reducing its workforce fleet-wide, spokesman Mike Burns said. The company is engaged in a number of initiatives to examine how to meet the challenges facing the industry, he said.

"One specific initiative is focused on finding ways to increase efficiencies in all parts of our business," said Burns in a statement. "We do expect workforce reductions to be one result of this initiative."

Right now, the timing of layoffs and number of Palisades employees likely to be impacted is unknown.

“We don’t have final specifics at this time regarding who
or how many employees will be affected. We remain focused on all our
key stakeholders throughout this process, and we will deal fairly and
communicate openly and honestly,” said Burns. "We will not compromise safety, security, reliability, customer service or compliance as we move forward."

The news comes after Entergy announced that it expected shares to drop in the second quarter of 2013, from $2.11 last year to $1. Entergy purchased Palisades from Consumers Energy in 2007.